Narrow search
Showing 1 - 10 of 575
Cover Image
These Are the Good Old Days : Foreign Entry and the Mexican Banking System
Haber, Stephen H. - 2013
In 1997, the Mexican government reversed long-standing policies and allowed foreign banks to purchase Mexico's largest commercial banks and relaxed restrictions on the founding of new, foreign-owned banks. The result has been a dramatic shift in the ownership structure of Mexico's banks. For...
Persistent link: https://www.econbiz.de/10012459948
Cover Image
Capital Positions of Japanese Banks
Kane, Edward J. - 1990
of capital as functions of holding-period returns earned in Japan on stocks, bonds, yen, and real estate. The model is … it in a model of how variations in bank-customer contracting arrangements in Japan affect the returns that can be earned …
Persistent link: https://www.econbiz.de/10012475632
Cover Image
Japan's Big Bang and the Transformation of Financial Markets
Ito, Takatoshi - 1999
A first step in the 'big bang' markets was the deregulation of the foreign exchange market on April 1, 1998. This paper … the deregulation. Intra-day data are analyzed with the following results: (1) Holding constant the effects of volume and … volatility, the deregulation was associated with a convergence of Japanese quoted spreads toward those of other banks. (2 …
Persistent link: https://www.econbiz.de/10012471543
Cover Image
Foreign and Domestic Bank Participation in Emerging Markets : Lessons from Mexico and Argentina
Goldberg, Linda - 2000
The Asian Crisis has highlighted the importance of strong domestic financial systems in overall economic development and stabilization. Less agreement is evident on the role of foreign banks in achieving this goal. We explore this issue by studying bank-specific data on lending by domestically-...
Persistent link: https://www.econbiz.de/10012471047
Cover Image
Lending Booms, Reserves, and the Sustainability of Short-Term Debt : Inferences from the Pricing of Syndicated Bank Loans
Eichengreen, Barry - 1999
This paper analyzes the determinants of spreads on syndicated bank lending to emerging markets, treating the loan-extension and pricing decisions as jointly determined. Compared to the bond market, our findings highlight the role of international banks in providing credit to smaller borrowers...
Persistent link: https://www.econbiz.de/10012471681
Cover Image
Arbitrage Capital of Global Banks
Anderson, Alyssa G.; Du, Wenxin; Schlusche, Bernd - National Bureau of Economic Research - 2021
We show that the role of unsecured, short-term wholesale funding for global banks has changed significantly in the post-financial-crisis regulatory environment. Global banks mainly use such funding to finance liquid, near risk-free arbitrage positions--in particular, the interest on excess...
Persistent link: https://www.econbiz.de/10012510537
Cover Image
Global Banks and Systemic Debt Crises
Morelli, Juan M.; Ottonello, Pablo; Perez, Diego J. - National Bureau of Economic Research - 2021
We study the role of global financial intermediaries in international lending. We construct a model of the world economy, in which heterogeneous borrowers issue risky securities purchased by financial intermediaries. Aggregate shocks transmit internationally through financial intermediaries' net...
Persistent link: https://www.econbiz.de/10012585376
Cover Image
Country Risk, Asymmetric Information and Domestic Policies
Aizenman, Joshua - 1986
This paper describes an economy where incomplete information regarding the default penalty can result in an upward-sloping supply of credit.We evaluate the role of partial information and other related factors in determining the elasticity of supply of credit and the credit ceiling facing the...
Persistent link: https://www.econbiz.de/10012477195
Cover Image
What are the Consequences of Global Banking for the International Transmission of Shocks? A Quantitative Analysis
Fillat, José L. - 2018
The global financial crisis of 2008 was followed by a wave of regulatory reforms that affected large banks, especially those with a global presence. These reforms were reactive to the crisis.In this paper we propose a structural model of global banking that can be used proactively to perform...
Persistent link: https://www.econbiz.de/10012480855
Cover Image
U.S. Banks and Global Liquidity
Correa, Ricardo - 2020
We characterize how U.S. global systemically important banks (GSIBs) supply short-term dollar liquidity in repo and foreign exchange swap markets in the post-Global Financial Crisis regulatory environment and serve as the "lenders-of-second-to-last-resort". Using daily supervisory bank balance...
Persistent link: https://www.econbiz.de/10012481346